NBC Power Shifts.In a move that raised speculation about the line of succession Noun 1. line of succession - the order in which individuals are expected to succeed one another in some official position line - a formation of people or things one behind another; "the line stretched clear around the corner"; "you must wait in a long line at the at NBC, Andrew Lack has been named president of the network. General Electric Co., the network's parent, said that Lack, president of the news division since 1993, would replace Bob Wright, who will remain NBC's chief executive. Lack was also named to the newly created post of chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Observers said Lack's appointment means he is being groomed as Wright's heir apparent as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and chairman of the network, but Wright declined to address that issue. Lack's duties as president and COO, effective June 4, include overseeing NBC's news and entertainment divisions, as well as the MSNBC MSNBC Microsoft/National Broadcasting Company and CNBC cable news channels. Wright has run NBC for 14 years and will become the new chairman of the network -- another newly created title. He will also stay on as GE vice chairman and executive officer. |
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